1.In my last post on sbi , I shared about bottom fishing in this stock. Where I made a green box to be area for would be bottom. But today"s candle confirmed The upper band of white zone sbi selected to be right area of bottom . You can see I circled that in green sbi took support in last week and crossed red channel . Til yesterday two candles above red...
I have seen in my career, many people interested in bottom fishing but unable to do so. Either end with deep losses or Stuck in that scrip. In fact everybody wants to buy low and sell high. But do not know what price structure is saying , without knowledge gets stuck in stock. Many SEBI registered panelist on air says it is impossible to find...
SBIN is creating a continuous series of the lower waist in a daily Kagi chart started from 5th Feb indicating a bearish sign. But at the same time creating a very strong double bottom pattern at 151.80 levels. At this point fresh entry on any side should be avoided. The trader who is in a short position should hold the position with stop loss at 184.25. Traders...
then looking for a swing long is a good all I can see otherwise Sbin still a dump.
1. Price following through a bearish parallel channel.
2. Everything looks bearish till price 166.30
3. Sbin dumping
sbin stock is almost moving in a strong support area .sbin can show upside move in ypcoming trading days, wait for proper rejection from support line .incase sbin break the support line in downside it can show major fall .